tuesday update

SHORT TERM: new bull market highs, DOW +62

Overnight the Asian markets lost 0.2%. Europe opened lower and lost 0.4%. US index futures were higher/lower overnight, and the market opened unchanged at SPX 1486. Right after the open the market started to pullback. At 10:00 Existing home sales were reported lower: 4.94 mln vs 5.04 mln. The pullback continued until 10:30 when the SPX hit 1481. Then the market started to rally. The rally continued throughout the afternoon with only 1 to 2 point pullbacks. Heading into the close the SPX hit 1493 and closed there.

For the day the SPX/DOW were +0.45%, and the NDX/NAZ were +0.20%. Bonds gained 5 ticks, Crude added 65 cents, Gold rallied $6, and the USD was lower. Medium term support remains at the 1440 and 1386 pivots, with resistance at the 1499 and 1523 pivots. Tomorrow: FHFA housing prices at 9:00.

The market opened flat today and then had a small pullback to SPX 1481. This pullback fit within the short term count we have been tracking. From the SPX 1398 Minor wave 2 low we have counted a Minute i to 1468, then a Minute ii to 1452. During the current Minute iii advance we have counted a Micro 1 at SPX 1473, Micro 2 at 1464, Micro 3 at 1486 and Micro 4 today at 1481. Micro wave 5 is currently underway and hit the next resistance area at the OEW 1499 pivot range, (+/- 7 points), on the close. When this small wave completes, it should complete Minute iii, which should then lead to a 10+ point pullback for Minute wave iv. Then another advance for Minute v, possibly to the OEW 1523 pivot, should complete Minor 3. The potential uptrend target of the OEW 1552 pivot remains on track.

Short term support remains at SPX 1471/75  and 1462/64, with resistance at the 1499 and 1523 pivots. Short term momentum is again displaying a developing negative divergence. The short term OEW charts remain positive with the swing level now around SPX 1475. Best to your trading!

MEDIUM TERM: new high at SPX 1493

LONG TERM: bull market

CHARTS: http://stockcharts.com/public/1269446/tenpp

About tony caldaro

This entry was posted in Updates and tagged , , , . Bookmark the permalink.

147 Responses to tuesday update

  1. mokiepon says:

    Well pooch, what do you think? Today = Demark Day 13. I’m keeping score.

  2. H D says:

    If u have statistical model you know the odds as we have specific data for this historical rally.
    If you have mechanical model you most likely have no signal.
    If you are pattern trader you most likely have no pattern.
    If you trade based on volume there is no profile here.
    But we have the Pivot.

  3. mokiepon says:

    Less than 5 pts away from 1500. Wonder if the pp will hold again, or if it blasts through it?

  4. Tom Green says:

    No participation today by small or mid caps ??


    • tommyboys says:

      …Some, checkout a longer term hold of mine – SILC (hate mentioning names but I’m geedy today). This one is still dirt cheap and has a long way to go imho…

    • mokiepon says:

      Hey T2T (I also like ‘T2x’s’), yes they are. I bought vlccf (torehund listed) because of the dividend and possible rise and that sucker is up over 2.5% today, almost 3% earlier this morning. Maybe not all of the sm/mid caps, but some are. And, to your point, I think this rally is becoming exhausted. (The other Tom [Demark] likes that word. LOL!)

  5. Lee says:

    CL a lil less frothy but I think there’s more to go to the downside Im talking swing short time. Measure twice cut once

  6. tommyboys says:

    I believe we’re beginning a new secular bull. Talked about here although his conclusion is “how can we be?”… love the fact that most – as here – still cannot concieve of this…

    • tommyboys says:

      “as here” referring to the video clip…

      • pooch77 says:

        After a nice 5-8% drop here i am all over this bull,close to moving out of equities as we are O.S all over the place.Maybe top out at 1500 or 1525

    • Lee says:

      Thanks tommyboys

    • CB says:

      thanks TB.

    • tony caldaro says:

      Too early, secular cycles last longer than just 9 years

      • tommyboys says:

        Could Fed intervention have hurried things a bit ?

      • tommyboys says:

        Last bull ended in 2000…13 years ago possibly ?

        • tony caldaro says:

          Secular bulls end at an important high, bears at an important low.
          2000 was an important high.
          The last important low was 2009.
          Typically secular bears last 16-20 years, i.e. 1929-1949 and 1966-1982.
          If we consider the 20 year cycle was extended by a 4 year war.
          Then 16 years +/- a year or two should end this secular bear cycle.

      • budfox9450 says:

        the fact is though. the Bears are throwing in the towel.
        Investors Intelligence has 53.23%, in the 23rd, Up from 48% a month
        ago….nevertheless….good work Tony….

      • tommyboys says:

        No doubt we’ll get a pullback soon but bull markets need bulls as well. Sentiment is fickle …Have a great day all…

      • tommyboys says:


      • mokiepon says:

        We still haven’t seen the alleged and mysterious ‘rotation out of bonds and into stocks’ yet. Could be that elderly who are so strapped for income have to, in their minds, throw caution to the wind and roll back into stocks. Money from bond funds would be a huge boost to equities.


      • tommyboys says:

        Thanks for the clarification Tony…

      • tommyboys says:

        All in due time Melinda…imho. Have a great rest of the day…

      • mokiepon says:

        So, it’s to be 2025, +/- a couple of years before the next secular bear? That sure changes everything for me. (I’m getting pretty old…) All the info. I’ve ever seen has this current secular Bear beginning date of 2000. Yipes, I need to re-think some things.

      • tommyboys says:

        Tony I wonder if ‘price’ may be more important than ‘time’ with regard to bull and bear markets. Maybe the ’09 violent lows and oversold condition were enough to correct the previous bull even though we didn’t spend much time down there. Further if we end up making new highs over the next year can we still be within a secular bear. I mean I get the ‘B’ wave thing and all but at some point we go beyond the parameters of what a ‘B’ wave would/should consist of – no?

        • tony caldaro says:

          Everything is still within the context of an ongoing secular bear cycle.
          The DOW made a higher high in 1946, compared to 1937, but the secular bear still did not end until 1949.
          This is a bonafide bull market, not a B wave.

      • tommyboys says:

        OK now you’ve really confused me. We are in a “bonefide bull market”… I assume you mean cyclical. My point is maybe the secular BEAR cycle will end sooner at this particular juncture. I believe the last secular BULL ended at the 2000 peak. This would put the current secular BEAR into its 13th year now – IF we’re still in it. If we go ahead and make all new highs – much higher highs – wouldn’t this define a new secular bull being underway ?

        Also we made new highs AFTER 2000 and peaked again in 2007 during the secular bear as well as that 1946 higher high after the 1937 peak – both B wave highs?

        • tony caldaro says:

          Secular bear cycle continues until 2014/16.
          New bull market highs can be made during secular bears.
          But the secular bear always ends with a stock market bear market low.
          Secular bears contain three bear markets: that’s why they’re a bear 😉
          We have yet to see that last bear market.
          Coming soon in a year or so to a theatre near you.

    • mokiepon says:

      tommyboys, I’m don’t understand your point. This video of Josh Brown interview says it’s not a Secular Bull. Are you saying it is, or what?


      • tommyboys says:

        I am saying it is. He does not think so…don’t know of many that think so. I’m lonely.

      • mokiepon says:

        Don’t feel lonely, tb. Even though many don’t believe this is a secular bull, we still want you here. Will see if on the next pullback/correction, bonds lose money by rolling into equities.

        Someone tell me what the P/E should be at the start of a new Secular Bull? 10, or is it below 10?


      • CB says:

        nice TB. It’s lonely at the top, but U eat better, right? ..OK, we’re ready to take that bull by the horns.

      • tommyboys says:

        I think the thought of hard and fast rules regarding rates, PEs, cycles and most other metrics is a flawed premise in attempting to rationalize markets. I don’t believe the market cares much about any of that – again flying high over history. Every point on the continuum is original and a first. Of course history can rhyme, but it ain’t the same imho – no rules here – and this coming from a former technical guy!

        Any bond migration may or may not occur until maybe the 4th or 5th inning of the bull and we’re just in the second or earlier (only if I’m right of course).

  7. CB says:

    green III on Tony’s 60 min..thanks Tony…gee, Hillary did it?…nice outburst ..lol

    • Lee says:

      Re Hillary
      ‘What Difference Does It Make?’ Her old lawyer self would of ripped her current self a new one with that remark but for every season….

      • CB says:

        good point Lee. She’s an advocate (and a pretty agressive one),,and not at all cut out to be a diplomat…you can’t just lose it like that…her ego is TBTF & she has DPMO (don’t p*** me off )written all over her face),,maybe she would’ve been better off if she had a loving husband & stayed home and baked cookies.

    • Lee says:

      Thanks C B

      • H D says:

        re: Hillary- I’m convinced some women don’t fart- they just hold it in and it comes out as drama.

      • CB says:

        lol..HD doesn’t usually wear his heart on his sleeve, but when he does watch out!! : ) HD, there are two kinds of people (with regard to ..whatever) those who do, and those damn liars..

      • H D says:

        same for Behnor. He holds it and cries. They all suk but hey it’s our fault. We get the gov’t we deserve.

      • Lee says:

        hahahahahaha well I never hold in my farts…U can get a belly ache doing that !

      • CB says:

        haha…I’ll take that gastro advice from Dr. Lee seriously… : )
        saw a nice road sign over the weekend…you can/t fix stupid, but U can vote it out…and yet we didn’t..it’s still there..

  8. torehund says:

    TAN- From feb 2012 descent in a limp a, then abc pretty flat and then limp b (included is also the ascending part from price bottom).
    Limp a = limp b, so a completed ABC !

  9. Aabb Bbcc says:

    Thank you Tony!
    Hi Mokiepon 😀

  10. Lee says:

    PP @ 1484.75 R1 @ 1494.50 S1 @ 1479.50

    shuck n jiven maken $ for surviving
    these ranges are way too tight
    Somebody pull the finger out of this dike

    • Lee says:

      ™ 2013

      • Lee says:

        © 2013 …doh
        ™ 99%

      • H D says:

        Fading pivots is what you mean
        No need to scream
        We want the action, even mild reaction
        Putting up a fight
        May as well pour a pint.

      • Lee says:

        Wave Genius gots nada on us H D !

      • CB says:

        Nice!!! AGT :))

        One word: coffee, ..no, .not the one in front of me..the .tradable one …nice correction off the recent …..intraday +d…blah, blah

      • 7dayyss says:

        Speaking of Wave Genius: Where did this ranking come from of him being #1 and Tony 4? I’ve seen it a few times and it seems to come from him. Self promotion!?

      • CB says:

        : ) seemsthat Sam puts a lot of work into his site..plus it takes a genius to call oneself a genius…so, to me he’s a hard-working genius…go genius, go!..anyone else wants to be a genius…let us know..we’re open to suggestions : )

      • mokiepon says:

        I like Sam’s Youtube updates, but I don’t think he’s a genius, AND NO WAY WOULD I PAY for his advice. I’d like to know who cooked up those ranking as well.

      • mokiepon says:

        I think Sam also has chatroll and I hate that thing. No permanent record that users can access as there is on this site. (torehund, I use the archived updates to study your sm caps list.)

      • Lee says:

        Hey Im not dissing Sam at all
        He put out a tune that he shared here one day and I was just having fun with that.
        Maybe we could collaborate on a tune ???

      • 7dayyss says:

        Well I missed that one. You mean “Ole Ted” writes his own tunes/plays guitar, or just something he posted like you with Hendrix, etc?

      • mokiepon says:

        I don’t consider it ‘dissing’ anyone when I say I WOULDN’T PAY for his advice and that I don’t like chatroll. Both are true.

    • CB says:

      we know Lee..and you & all of us here had so much fun with those rankings Sam put out..last year, was it? .. hey, Lee we’d love to hear a collaboration from you guys..you just get in touch with ur inner musical child Lee & Sam can get a fibo sequence to go with that…c’mon guys, we’re begging you : )

      • tommytorquemada says:

        Just a really late reply (I’ve got a day job) from a very quiet lurker (I don’t know enough to post here and clutter up the threads):
        I have found a handful of valuable sites that share information for free. I like Tony because he’s serious and reserved. I like Ted because…he’s not. But if you follow both of them, it’s amazing how close they are in their prognostications. Tony seems to share his knowledge out of some kind of altruism. Ted shares his knowledge because he sees it as a loss leader and hopes you’ll subscribe to his site. I don’t really care: they both know a hell of a lot more than I do, and I’ve benefited from both of them over the past few months. I also follow Carol Boroden — she keeps her information much closer to the vest, reserving the best info for her subscribers. But like a squirrel hanging around underneath a bird feeder, waiting for the occasional morsel to drop, I find her opinions to be valuable and worth waiting for. I guess I’d just like to come to Ted’s defense, and to also thank Tony for providing this great forum. You guys are all helping out a lot more people than you know, because a lot of us just hang in the shadows, try to learn from your experience and wisdom, and keep our mouths shut. Thanks for what you do. —
        Tommy T.

  11. torehund says:

    Japan has to sort out the descending b wave down before a thrust in a c wave to the 1240 area.

  12. bolderbob says:

    Tony, what do the charts say about AAPL. Is the correction over…what is the intermediate term outlook and odds in your opinion?

    Thanks Tony!

  13. Aabb Bbcc says:

    Is minute iii complete Tony?

  14. mjtplayer says:

    Wow, DJIA hourly RSI at 97, daily at 90. This market is soooooo overbought…

  15. mokiepon says:

    Everyone awaiting aapl earnings tonight. I think it will be good. Question is: Will good aapl earnings push stocks higher, or will it be ‘sell the news’?

    • rc1269 says:

      do you know of anybody that has the cajones to short AAPL here, $200 off the highs and heading into earnings? i haven’t heard anybody who’s short. won’t be much covering support if they miss is my guess.
      but full disclosure – i don’t touch AAPL. i can’t fool even myself into thinking i have an edge in the world’s most followed stock!

  16. Lee says:

    cheap short + the pivot + the channel + the heat wave

  17. mokiepon says:

    Wow! Looks like another UP day! What a market! If close above 1474 today, it will test Demarks ‘theory’, as it will be Day 13. I’m going to let my longs just run and play.

    Will be offline until abot 9am or so. Good trading Everyone!


  18. bman64 says:

    Hi Tony (and all here). I am not new to this site, it’s just that I enjoy reading rather than posting. This is a great site for anyone to learn technical analysis, in addition to not being biased one way or the other and let the market give us the it’s “motives”.

    The posts here are great, occasionally off topic but that makes for interesting dialogue, after all we are not “bots” are we??

    Which brings me to the Yen Guy, who I think just spams this site (and probably others), and will never respond to questions.

    Otherwise keep up the good work all..Bill

  19. short term elliott PSTT still on buy signal.
    smart money indicator still at -9., still on cash signal.
    qqq system has ticked down from +8 to +7, still on buy signal.
    long term crash signal at +8, no crash in sight.
    2 faced longs +.26% profit, 2 faced shorts 0.91% loss, spy + 0.54%.

  20. pooch77 says:

    Tom Denmark said last week 1492 is top,Tonys pivot 1499 +- 7 points,maybe 1465 by end of week


  21. theyenguy says:

    It is very likely that an Elliott Wave 5 High top occurred in the S&P 500 today.

    On Monday, Financial Times reported BoJ follows Fed and ECB with new pledge. The Bank of Japan has bowed to political pressure and followed the lead of the US Federal Reserve and the European Central Bank as it pledged to buy a potentially unlimited amount of government bonds. And Market Watch reports Gold above $1690/oz after BOJ policy call.

    Sovereignty begets seigniorage. Business Insider reports $7.66 Trillion of stimulus In America from 2008 to 2012, itemized. It has been US Federal Reserve credit liquidity and monetary easing, that is money printing, that has caused a stunning rise in M2 Money, which gave moneyness to Global Producers, FXR, as well as to Small Cap Revenue Shares, RZV, ASR, and Small Cap Growth Shares, RZG, such as HIMX.

    Specifically it has been national sovereignty that has supported currency carry trade foreign investing, and given moneyness to companies worldwide, as is seen in the ongoing Yahoo Finance chart of the following corporations, together with the S&P, SPY. Leading Country and Company Stocks include the following; their charts suggests a market top has been achieved.
    Japan, KUB … Industrial Equipment
    Mexico, FMX … Consumer Discretionary
    Italy, E … Energy
    Netherlands, LYB, …. Materials
    Netherlands, UN … Consumer Goods
    Brazil, SBS ….Utilities,
    Denmark, NVO … Health Care
    United Kingdom, ARMH … Technology
    India, HDB … Banking
    US, MSI, VZ … Telecom

    On Monday, January 22, 2013, the chart of the S&P, $SPX, SPY, hit a 5 year high as Bespoke Investment Group reports in Seeking Alpha, 10th Longest 10% Rally on Record. World Stocks, VT, traded to a new rally high on rising Basic Material Stocks, IYM, and XLB, and rising Financial Stocks, XLF. The the strongest risers of the day were, GDX, (but not SIL), PSCE, XLE, OIH, IEZ, SLX, WOOD, and RWW, KRE, RWJ, IRE, SAN, CHIX, and BJK, IYR, ROOF, PKB, ITB, IHF, FAA, REM, and VIG. Global Producers, FXR, rose to a new high. Greece, GREK, Italy, EWI, Ireland, EIRL, Spain, EWP, Argentina, ARGT, Thailand, THD, Australia, EWZ, Netherlands, EWN, Finland, EFNL, Russell 2000, IWM, China Small Caps, and the Shanghai Shares, CAF, rose to new rally highs. Of note, the Gold Mining Stocks, GDX, led by AUG and EGO, have been trading higher since January 8, 2013. This as Japan, NKY, traded sharply lower.

    Peak Currencies, DBV, CEW, occurred January 17, 2013, as Competitive Currency Devaluation commenced at that time. On Tuesday, January 22, 2013, the Small Cap Value Shares, RZV, rose 1.1%, and the Small Cap Growth Shares, RZG, rose 0,6, taking the Currency Demand Curve, RZV:RZG, higher to 50 day resistance, on a demand for the Euro, FXE, and the Australian Dollar, FXA, which turned the US Dollar, $USD, UUP, somewhat lower to close at 79.87, which has been trading higher since January 14, 2013. Major World Currencies, DBV, and Emerging Market Currencies, CEW, have been trading lower since January 17, 2013, which have turned Carry Trade Countries, EFA, lower, reflecting an extinguishment of foreign investing; this on the exhaustion of the World Central Banks’ monetary authority ability to sustain global growth and corporate profitability. It is the Japanese, EWJ, shares, such as TTM, HMC, NSANY, KUB, MKTAY, that are leading the Global Producers, FXR, and Carry Trade Countries, EFA, lower; these have induced the Automobiles, CARZ, seen in this Finviz Screener to trade lower.

    Of note, Closed End Equities, CSQ, traded higher as Closed End Debt Fund, PFL, traded lower. The ratio of these, CSD:PFL, two has been trading lower since September 14, 2012, suggesting that a market top is being achieved.

    It has been the most toxic of debt, specifically, Distressed Investments, FAGIX, (like the debt taken in by the US Federal Reserve under QE1), Junk Bonds, JNK, Leveraged Buyouts, PSP, and Senior Bank Loans, BKLN, seen in this combined ongoing Yahoo Finance Chart, that have been the basis for Liberalism’s global debt based, currency carry trade rally, that commenced with the anticipation of the ECB’s OMT, in June 2012. The world passed through Peak Credit, AGG, on December 6, 2012, and it is unlikely that the toxic debt can continue to give seigniorage, that is moneyness, to stocks, ACWI. Yes it is likely that a stock market top has been achieved Tuesday, January 22, 2013.

    Investors began to derisk out of Commodities, DBC, on September 14, 2012, and it is likely that they will on January 23, 2013, begin to disinvest out of stocks, VT.

    • blubrd67 says:

      If you are making statements with confidence, it would be good to at least make up your mind.

      On Jan 07, you wrote:
      theyenguy says:
      January 7, 2013 at 8:43 pm
      “Today, Monday, January 7, 2013 … in the long term view, a market top has been attained … in the medium term view, the market is a pivot point to turn lower …and in the short term view, the market declined.”
      So is it Jan 07 or today? Or will it be 9-12 months from now that you will come with the same confident voice. Like Tony said, “At one point you will be partially correct”, just the question is when will that point come.

      I’m not trying to put you down but those voices like yours and Erka’s are so far
      -proving to be wrong
      -sound always so confident and sometimes arrogant (in case of Erka always)
      -are not in the spirit of friendly helpful conversation here.

      So if you are trying to prove you posses marvelous market mind, we expect at least some accuracy, humbleness and spirit that you truly came here to help someone with your humble spirit and advice.

    • tommyboys says:

      Could this be Prechter in disguise ?

  22. torehund says:


    Cape fear of investments articles !

      • torehund says:

        Somehow its always the bearish views that jumps at me when looking at this site, like “the financial depression in eternity”, lol. That tells me that deep down, I am not THAT confident……And I have read many of your articles without ever associating you with the site, that tells me how deeply ingrained pessimism is (also in me), as I selectively overwheigh the negatives. But I fight it constantly. Normally I expel lots of energy at or just above bottom, and when market rises on autopilot I sell, as there is no more struggle for me to ferment on (20-30 percent of the rally). We can use our emotional expressions(hidden behind the words) as a lacmus test.

  23. torehund says:

    Sometimes its helpful to forget waves and techs, just naive chart exploration. Does the chart look like an autum crashed daddy longleg or a burned down building or a kneeling weak spagetti…
    Chance is fear, suspicion, mental blindfoldedness rules…then scoop up the once so hot stock, and wait for the opposite extreme….

    • torehund says:

      M: When a formed wave travels it has a certain speed and direction, if however strong external forces is applied you get noticamle interference reducing amplitude and wave length, and even the direction of a wave can change. Just look at a pointbreak how waves wraps themselves around corners.
      Ew theory is a desceitful tool if one does not think of it dynamically.

    • mokiepon says:

      torehund, vlccf up nicely today!

  24. CB says:

    Thanks Tony.

    A special update for all FB investors http://screencast.com/t/Ew48kSEwcd
    OK, it’s a bit outdated now, isn’t it? ; )

    • tony caldaro says:

      oversubscribed, and thus way overpriced

      • CB says:

        Yes, we remember Tony -you commented at that time what itsfair value was, in your view..and it turned out to be a very accurate assessment.

        P.s. Good thing is we have no pychologists here -their feelings might get hurt. (twice so far now :))

  25. mokiepon says:

    Want to correct somethign I said about uvxy on the Holiday Update. Uvxy consolidates shares to bring it to a higher price, they do not split them. Sorry about that.


    • tony caldaro says:

      Every 3X ETF will end up worthless regardless of the asset it tracks.
      They are only good for a trade, and are depreciating assets.
      Most, when they get too low do a reverse 1 for 10 split. Like Citigroup and AIG 😉

      • mokiepon says:

        Thank you, Tony. I was looking for a way to explain it in a concise way. Indeed, they are ONLY GOOD FOR A TRADE. They are NOT an investment.


  26. torehund says:

    The spike on sp 500 from march 13 to may 1 in 2009 I invert so it extends the decline, so the whole descent from 07 becomes a complex Abc.. This bent wave was caused by qe and changed the natural path of the last part of the abc down. Then the two first motivated wawe are of equal in length until major 3 starts.

    • torehund says:

      If Prechter had been thinking of inverted waves, he would not have been fooled thinking the bear was a 5 wave motivated descent. Thats what he has been fighting tenaciously.
      And what is motivated in a balance sheet recession…well the demand is there, if just folks have some money.

      • mokiepon says:

        torehund, Prechter quite possibly thinks inverted to begin with and therefore, turned the chart upside down, which would account for his bearish stance. Kidding of course; I just don’t like Psychologists…


    • torehund says:

      Then you get limp a(5), long limped abc separating, anb then limp b(5), making it a 5-3-5 with a cracy long midpiece due to a huge B.

      • torehund says:

        Then it makes sense to say the 12 years of choppiness was a large 3-5-3 descent merely making a shift in inclination of world eco growth from very steep (unsustainable) to lesser steep for the next couple of decades.

      • torehund says:

        M:Psycologists can try to make sense of history in retrospect. In investing we have to anticipate tomorrow, thats far more exciting… Sticking to history after a big bear, every line in the sand points down, no one even notices transport soaring… History makes blind..

      • mokiepon says:

        torehund, I agree with you on a psychologist’s view of history. On a different note: Psychologists generally give reasons and excuses for a person’s behavior, instead of urging the person to take responsibility for that behavior. I know that’s very generalized, but I can’t stand that garbage.


  27. pooch77 says:

    Hmm micro iv tomorrow? muted response futures,but berry berry early

  28. radrian6 says:

    Hello Tony,

    Intermediate 4 is not too far away — what are your expectations for the depth and duration of this correction?

  29. mokiepon says:

    Great Update Tony, Thanks!

  30. torehund says:

    Melt up evey day, lets see the fire behind it

    • mokiepon says:

      Yes, let’s do! TTY GUYS tomorrow. Have a good evening.


      • torehund says:

        These extended patterns Melinda, I just know its overdue for lots of smallcaps. Waves have been like overdone spaghetties for months.. So I raise them up and see where they wanted to go if optimism had been intact. Like ROSG, it should have ended its wave at 30-40 usd, but bowed for pessimism. Then even the abc couldnt descend as it was so oversold and the former wave didnt perform at all. So this sorry pattern ended( I think) in what I believe is a major wave 2 for this stock. If it goes up now it will be a deja vu for me as I have already projected the course ahead for this inherently very potent stock.

      • mokiepon says:

        torehund: Good to know. Over what time frame do you see possible upside movement? I’ll look at it again tomorrow, as my eyes are hurting right now and have to get home to kids. Thanks very much!

      • torehund says:

        Melinda, I expected it to run every day now for a week… pattern is just sticky.

      • torehund says:

        complete abc down on the RSI, latter to the 23,4 usd spike !

  31. Lee says:

    Well alright alright
    Thanks T

Comments are closed.